PZ Head and Shoulders MT5

A head and shoulders pattern is a chart formation that resembles a
baseline with three peaks, the outside two are close in height and the
middle is highest. It predicts a bullish-to-bearish trend reversal and is believed to be one of the most reliable trend
reversal patterns. It is one of several top patterns that signal, with
varying degrees of accuracy, that a trend is nearing its end.

Clear trading signals

Customizable colors and sizes

Implements performance statistics

Customizable Fibonacci retracement levels

Displays suitable stop-loss and take-profit levels

The indicator can be used to find continuation or reversal patterns

It is non-repainting and non-backpainting

It implements email/sound/visual alerts

Settings

When loading the indicator to any chart, you will be presented with a
set of options as input parameters. Don't despair if you think they are
too many, because parameters are grouped into self-explanatory blocks.
This is what each block of parameters does.

Amplitude - The amplitude represents the minimum amount of bars
between alternative price points. To find big patterns, increase the
amplitude parameter. To find smaller patterns, decrease the amplitude
parameter. You can load the indicator many times in the chart with different amplitudes.

Min. Retracement - The minimum Fibonacci retracement needed in a pattern. Set to zero not to evaluate it.

Max. Retracement - The maximum Fibonacci retracement possible in a pattern. Set to zero not to evaluate it.

Neck Flatline Ratio - This parameter describes how "flat" must the neckline of the pattern.

Max History Bars - Amount of past bars to evaluate when the indicator loads in the chart.

Display Stats - Show or hide the statistics dashboard and performance data.

Display SL/TP Levels - Show or hide suitable SL and TP levels for each signal.

Drawing Options - Colors and sizes for bullish or bearish lines and labels, as well as font sizes.